Why the world really needs virtual currencies

[jaaeeeyyyy]

Why the world need virtual currencies ? , it's simply for more faster transaction accross the globe. Virtual currencies is trending now because of high price or value which attracted the people to do so. Like bitcoins, it is decentralised which means it has no governance that you can use it with our present technology like cellphones , laptops etc. with stable internet connection. Imagine if we have digital currencies , we dont have to the cashier instead we just have to press and click to pay.

[Ilegendph]

As we all know technology boost businesses trough communication alone and we see how it evolves 50 years ago. And when the entrance of virtual currency, I think small scaled businesses and freelancers will be benefits the most and the one who is protected by these virtual currency against financial crisis of their nation.

[Bestpromoter]

well that is because there are so many people now, and almost all of the people are going abroad just to work and when they need to send some money they don't have to go near money messenger all they need is a virtual currency and send money.

[jokowi]

I came across an article this morning that, to me, really shows why the world needs a virtual currency. I'm from England, and there's a saying here that goes: "When America sneezes, the rest of the world catches a cold." The article discusses the history of the Asian Financial Crisis, and how we may be heading toward something similar.

It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history! 

https://www.rt.com/op-edge/398890-financial-crisis-asia-curency/

The world does not need virtual currency but needs a valuable currency and has the ability to trade fast, cheap transaction costs. And bitcoin has met those preeminent features. And it is important to be able to trade and use in every country in the world.

[alisafidel58]

There are few valid reasons why the world need virtual currencies like bitcoin.
1. Bitcoin was introduce to us because when US economy went down all other countries jobs and currencies are affected.
2. Virtual currencies arent affected by fiat so even if a certain fiat currency is down our virtual currency (bitcoin) is not affected.
3. Virtual currency like bitcoin has no tax which the government are required for us to pay.
4. You can do fast transaction without the hassle of giving a certain person or company to much information about you.

[MOTHIT]

The technology is the real reason why the world needs virtual currencies. To handle it very safely and receive the money anywhere in the world which is the concept of virtual currencies. Now people are doing on line jobs and their payment is paid through virtual currencies only so there is no doubt that it is times requirement.

[ivrynx]

The world we live in is more advance than the last century,  the world needs cryptocurrencies now, in order to make our lives better, we are no longer living in the 1900s where in it is a struggle to gahter information, and more especially we are now in the time, wherein people from the 80s are waiting to see, I think, though we don't have flying cars yet, because of our technology we have created cryptocurrencies, that is beneficial to us, we no longer need to go to banks to make our payments, we can do it now using our smartphones, and without hidden charges and tax if we use bitcoins. The world needs it today,  since it is much secured than banks, not easy to hack and in time it grows in value, I don't see why would we prevent such an amazing technology that was develop to benefit us all.

[Andrianla]

I agree, virtual currency can not be contested, because it is a complicated system. But I think there are good and bad impact.

[rey.fudz15]

I came across an article this morning that, to me, really shows why the world needs a virtual currency. I'm from England, and there's a saying here that goes: "When America sneezes, the rest of the world catches a cold." The article discusses the history of the Asian Financial Crisis, and how we may be heading toward something similar.

It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history! 

https://www.rt.com/op-edge/398890-financial-crisis-asia-curency/

The rise of bitcoin or i should say the rise of virtual currencies are essential among us because it could make us adapt to the progress of our technology. without virtual currencies we cannot take advantage of our technology specially when it comes to business transactions.

[maku]

There are few valid reasons why the world needs virtual currencies like bitcoin.
1. Bitcoin was introduce to us because when US economy went down all other countries jobs and currencies are affected.
2. Virtual currencies arent affected by fiat so even if a certain fiat currency is down our virtual currency (bitcoin) is not affected.
3. Virtual currency like bitcoin has no tax which the government are required for us to pay.
4. You can do fast transaction without the hassle of giving a certain person or company to much information about you.

1. Global Economy is connected - bitcoin might be sitting happy on sidetrack of it - but I assure you when we will see another global economic crisis bitcoin price will skyrocket -
which means that bitcoin is affected by fiat economy - just not in the standard way we imagine.

2. Fiat crisis = bitcoin gain.

3. Do you honestly think that cryptocurrencies won't be taxed in the future? For now, it is a kinda fresh concept and government are baffled by it.
I expect that soon bitcoin/cryptocurrencies will be fully legalized and certain tax regulation will be put in place.

4. In most cases you will still need to fill some information, you cannot use services without fist crating account first, right?

[Malaya]

Virtual currencies are for the advancement of our society. Having bitcoin and other altcoins are good for the cashless world in the future. People nowadays look for faster way of transaction. For what I see now, it is not possible that the world will be indeed a cashless society and how the technology will evolve. World economics will be as well different as it will handle digital currencies that time.

[50ouncebrew]

The world really needs virtual currencies because the way we use money today is extremely archaic. So many third parties to go through, with all the technology we have today you think we'd have better money, and now we do thanks to BTC.

[konco_kenthel]

indeed bitcoin including one tool transaction is able to provide a positive impact for the users because of the movement of the coin very quickly so that can provide great opportunities in seeking advantage of the price Exchange significantly increased and definitely in European countries also in desperate need of existence.

[GorillaDental]

War torn countries, countries with ruthless leadership especially... their citizens benefit from a globally accepted currency that is secure. Everyone benefits from a currency that appreciates better than money in a bank.

[An0nyMoose]

The world needs virtual currencies because there is technology all around the world that exists that would work perfectly with it and allow for ample innovation.

[gabmen]

The world needs virtual currencies because there is technology all around the world that exists that would work perfectly with it and allow for ample innovation.

At this point, virtual currency is mostly for convenience and ease. We can sti live without it though life will be considerably harder especially for the newer generation who rely heavily on technology.

[katiecbell]

well that is because there are so many people now, and almost all of the people are going abroad just to work and when they need to send some money they don't have to go near money messenger all they need is a virtual currency and send money.

Yes this is somewhat a solid reason for many people to join bitcoin world. They don’t actually want to hold paper money. All they need is to have a virtual currency so that they just get some buzz out of it. No moving, no going, no taxes nothing.

You want to send money, okay just send. Plus there are so many reasons too for more different people, bitcoin is spreading all over the world.

[mickeybuddy27]

well that is because there are so many people now, and almost all of the people are going abroad just to work and when they need to send some money they don't have to go near money messenger all they need is a virtual currency and send money.

Virtual currencies help to lessen the fees on all transaction wherever around the world as long as they accept it in different country. It will be for the purpose of having a fast, more convenient, and more secure transfers of money for different purposes without interruption by the government.

[usorin]

The problem with the digital money is that if you dont have electricity then you dont have money, so it is a bit catchy. We are not ready to depdend only on digital coins because the energy it still is expensive and who controls the energy, solar-wind energy sistems and so on, they will have a strong word in the digital currency.

[Cointertrade]

I came across an article this morning that, to me, really shows why the world needs a virtual currency. I'm from England, and there's a saying here that goes: "When America sneezes, the rest of the world catches a cold." The article discusses the history of the Asian Financial Crisis, and how we may be heading toward something similar.

It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history! 

https://www.rt.com/op-edge/398890-financial-crisis-asia-curency/

We are now in the modern world where everything is high tech and it is now our new society. Just like in our world not involved technology we need money to buy our needs in our daily life. So in the online world we need virtual currency to avail different services and invest online.